Required information

Exercise $11-3($Algo$)$ Depreciation methods; partial periods $[$LO$11-2]$

$[$The following information applies to the questions displayed below$]$

On October $1,2024,$ the Allegheny Corporation purchased equipment for $$203,000.$ The estimated service life of the equipment is $10$ years and the estimated residual value is $$5,000.$ The equipment is expected to produce $300,000$ units during its life.

Required:

Calculate depreciation for $2024$ and $2025$ using each of the following methods. Partial$-$year depreciation is calculated based on the number of months the asset is in service.

Exercise $11-3($Algo$)$ Part $2$

$2.$ Double$-$declining$-$balance.

$\backslash$table$[[$Double$-$Declining$-$Balance Method$],[$Formula$,$Beginning Book Value,$x,$Double the Straight$-$line Rate,,$x,$Fraction of Year,$=,$Depreciation Expense$],[$Amount for $2024,,x,,\%,x,,=,$T$],[$Amount for $2025,,x,,\%,,,=,p$